MyCryptoMoment

MyCryptoMoment Updated 

I wanted to share my thoughts about XRP short term and long term movement. To sum it up, we are bullish AF. This coin scamazed investors twice already and shook many people out and now the coin is unappealing to trade...or is it?? I couldn't give a crap about a court case or any bad news because, as the saying goes "show me the charts and I'll tell you the news"....

MyCryptoMoment Updated 

Hello traders! During my previous analysis I talked about the probability of a bullish breakout from the falling wedge pattern and we followed that prediction to the T! After retesting the top trendline of the wedge several times, we hit our first target which was the area between 40 and 42k (previous ATH ). After a short, expected correction, I believe chances...

MyCryptoMoment Updated 

Hello traders! We seem to be approaching a crucial decision point, which could give us an answer to whether: 1. The correction is over and we continue our prosperous bull run that has been slaughtering the shorters in the last few months 2. There is further downside before we resume the bull run A recognisable pattern has painted itself on the 4H chart of...

MyCryptoMoment Updated 

Hello traders! Bitcoin's 4H chart paints a picture of an inverse head and shoulders pattern with a descending neckline. This is an extremely bullish pattern which IF CONFIRMED by a break of the price above its neckline, would target around 13.8k. Furthermore for the bullish picture, we have bounced off 21 Daily EMA very nicely and have consolidated above the...

MyCryptoMoment Updated 

Hello traders, call me crazy but here is an idea for what could happen to Bitcoin. Looking at the 1hr chart, you can visualize a descending triangle pattern formation all the way from the top fib level at 13k down to bottom fib level at 11k. We have broken to the downside and are now testing its resistance. It would seem very convinient for Bitcoin to bounce...

MyCryptoMoment Updated 

Hello traders, as you can see from the chart, the 21 day EMA support failed to hold this time, resulting in a 500$ drop already. After the retest of the support, it became a resistance and we have bounced off it. This is a bad signal as it indicates further movement down, especially if the 7500$ support fails to hold. Weekly RSI still in the overbought territory...

MyCryptoMoment Updated 

In my previous analysis, I talked about the extremely bullish Cup&Handle formation on Litecoin, which has been confirmed at 100$ and since LTC has held that level as support now, we could be in for a bigger move up. However, today we will be talking about something else, but maybe very related to the pattern. For those unfamiliar with the term halving, it is an...

MyCryptoMoment Updated 

Hi guys, going to keep it simple this time. LTC has formed a cup and handle pattern on the weekly time frame, which is an extremely bullish indicator. RSI is trending upwards and still has quite some room to grow. The neckline stands at around 100$, with the target being 170$ (difference between top and bottom of the pattern). Of course if trades are taken,...

MyCryptoMoment Updated 

Hello traders! Bitcoin has seen a significant drop yesterday with the Tether FUD articles emerging. We have now found ourselves in an interesting territory where Bitcoin has fallen to its 21 day EMA and is trying to find support. The altcoins have'nt shown the strength needed for a move upwards just yet and most of them have fallen below their 21 weekly EMA,...